Solar Panel Cost Guide in Jessup, PA (2023 Update)
- Jessup Solar Installation Cost: $12,370
- 25-Year Savings: $11,941
- Payback Period: 12.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jessup
Find out what the average cost of solar panel installation is in Jessup.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jessup, the average cost of solar panels is 2.55 per watt. To cover the typical energy usage of the average home in Jessup, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,370, or $17,689 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of equipment you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Jessup for a quote for your home.
Solar savings over time in Jessup
| Year | Return on Investment |
|---|---|
| 1 years | $-11,398 |
| 3 years | $-9,453 |
| 5 years | $-7,508 |
| 7 years | $-5,563 |
| 9 years | $-3,618 |
| 11 years | $-1,673 |
| 13 years | $272 |
| 15 years | $2,216 |
| 17 years | $4,161 |
| 19 years | $6,106 |
| 21 years | $8,051 |
| 23 years | $9,996 |
| 25 years | $11,941 |
Top Solar Installers in Jessup
Although it's possible to install solar panels yourself, it takes extra labor and know-how. For that reason, the majority of homeowners choose a solar panel installer. The expertise that solar companies offer can be valuable as well, particularly if you aren't sure what brand of solar equipment you need.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Jessup
Factors that Affect Solar Panel Costs in Jessup
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Jessup: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Jessup average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Jessup homeowners choose to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Jessup, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $9,910 | 13.2 years |
| 8 kW | $2.60 | $14,566 | $13,499 | 13.0 years |
| 10 kW | $2.55 | $17,850 | $17,231 | 12.7 years |
| 12 kW | $2.50 | $20,992 | $21,106 | 12.5 years |
| 14 kW | $2.45 | $23,990 | $25,123 | 12.2 years |
| 16 kW | $2.40 | $26,846 | $29,284 | 12.0 years |
| 18 kW | $2.35 | $29,560 | $33,587 | 11.7 years |
| 20 kW | $2.29 | $32,130 | $38,033 | 11.4 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you're worried about the endurance of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Jessup, PA Solar Cost FAQs
What is the average cost of installing solar panels in Jessup?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $701.63 per year.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.